What Happened
US Manufacturer Secures Molybdenum And Tungsten Order
Elmet Technologies, a US refractory metals manufacturer, has secured a procurement contract worth approximately $36 million from the Defense Logistics Agency (DLA) to supply high-performance molybdenum and tungsten products for the US National Defense Stockpile (NDS). The company will provide TZM alloy billets, bars, ingots, and specialized molybdenum-tungsten wire, which are used in aerospace applications requiring high heat resistance and strength. This contract is separate from the company’s previously announced IDIQ contract of up to $2 billion. The US government has also made a $450 million investment commitment to Elmet Technologies to expand manufacturing capacity and secure long-term access to critical raw materials. This development was first reported by Unknown Source.